Renovated 3-Unit Triplex with Central
For Sale
$725,000
807 S 49TH STREET, Philadelphia, PA 19143
Three renovated residential units in a triplex with central A/C and basement shared laundry in West Philadelphia.
Property Size3,213 SF
Price / SF$225.65
Days on Market68
Property Features for 807 S 49TH STREET
General Information
Standard status
Active
Size
3,213 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$7,404
Amenities
shared laundry
central A/C
Building Details
Building Size
3,213 SF
Year Built
1917
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Samantha Lee Miller · License #RS352351
(215) 692-3107
Source:
Patmckennarealtors
Added: Jul 9
Changed: Sep 12
Last Checked: Sep 14 at 10:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
Welcome to 807 S 49th Street, a 3,213 SF stabilized triplex in the Cedar Park neighborhood of West Philadelphia. The four-story building includes a basement and offers three spacious residential units, each described as beautifully renovated. Unit mix includes one 3-bedroom/1-bath unit, one 2-bedroom plus den/1-bath unit, and one 3-bedroom bi-level/1-bath unit. Shared laundry is located in the basement.
All units feature central A/C. The property sits just off Baltimore Avenue and is close to Cedar Park, Kingsessing Recreation Center, University of Pennsylvania, and CHOP. Trolley and bus service nearby supports walkability and connectivity in a well-established rental corridor.
Built in 1917, this triplex is configured for residential tenants seeking separate unit layouts with convenient in-building laundry and year-round climate control.
All units feature central A/C. The property sits just off Baltimore Avenue and is close to Cedar Park, Kingsessing Recreation Center, University of Pennsylvania, and CHOP. Trolley and bus service nearby supports walkability and connectivity in a well-established rental corridor.
Built in 1917, this triplex is configured for residential tenants seeking separate unit layouts with convenient in-building laundry and year-round climate control.
Key Highlights
- 3,213 SF stabilized triplex on a four‑story building with basement
- 3 renovated units: one 3 bed/1 bath, one 2 bed + den/1 bath, one 3 bed bi‑level/1 bath
- All units have central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,806
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,120
$696.1K
Cap Rate 7%
$497,229
$497.2K
Cap Rate 9%
$386,733
$386.7K
Market Conditions
NOI Build-Up for 3,213 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.6K $16.68/SF
− Vacancy
−$3.9K −$1.20/SF
EGI
$49.7K $15.48/SF
− OpEx
−$14.9K −$4.64/SF
NOI
$34.8K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,120
Cap Rate 7%
$497,229
Cap Rate 9%
$386,733
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.1K – $580.1K
NOI $34,806 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$442.3K
$387.0K – $516.0K
NOI $30,959 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.10M
$963.6K – $1.28M
NOI $77,087 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three renovated residential units in a triplex with central A/C and basement shared laundry in West Philadelphia.
Where is this triplex located?
The property is located at 807 S 49TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,213 SF stabilized triplex on a four‑story building with basement; 3 renovated units: one 3 bed/1 bath, one 2 bed + den/1 bath, one 3 bed bi‑level/1 bath; All units have central A/C
